Sunday, October 25, 2020

Prime Advantage

Prime Advantage been together for better. Be it creation of a tranquil world after the World War II, or meeting up for better exchange laws and settlements.

The International Trade Organization (ITO), the World Trade Organization and the World Economic Forum have probably the best minds that characterize worldwide financial aspects.

They can meet up and be an aspect of a body that would characterize the monetary success of the world. They would help draft worldwide digital money standards and might be an aspect of the administrative body that would be the guide and beacon for a large number of ICOs over the world for better. At first this might be time taking, yet would make things simple for the occasions to Prime Advantage

The start of 2018 was anything but a dazzling one for altcoins and relatable resources. Their exhibition was disabled by the regular feelings from brokers that the crypto bubble was going to blast. By the by, impassioned digital money supporters are as yet "HODLing" on and in all honesty, they are procuring enormous.

As of late, Bitcoin followed to nearly $5000; Bitcoin Cash approached $500 while Ethereum discovered harmony at $300. Practically every coin got hit-separated from newcomers that were still in fervor stage. As of this composition, Bitcoin is in the groove again and its selling at $8900. Numerous different cryptos have multiplied since the upward pattern began and the market cap is resting at $400 billion from the ongoing peak of $250 billion.

On the off chance that you are gradually getting used to Prime Advantage forms of money and wish to turn into an effective broker, the tips beneath will get you out.

You've just heard that digital money costs are soaring. You've likewise presumably gotten the news that this upward pattern may not keep going long. A few doubters, generally regarded investors and business analysts for the most part proceed to term them as easy money scams with no steady establishment. Prime Advantage

Such news can cause you to put resources into a rush and neglect to apply balance. A little investigation of the market patterns and cause-commendable monetary standards to put resources into can promise you great returns. Whatever you do, don't put all your well deserved cash into these advantages.

As of late, I saw a companion of mine post a Facebook channel around one of his companions who proceeded to exchange on a trade he had zero thoughts on how it runs. This is a hazardous move. Continuously survey the site you expect to use before joining, or possibly before you begin exchanging. In the event that they give a spurious record to mess with, at that point accept that open door to figure out how the dashboard looks.

https://preview.redd.it/pvu25306kdv51.png?width=551&format=png&auto=webp&s=d26c0a8cdcf33cf56beabbcd152dddc2aafe685f



Prime Advantage

Prime Advantage been together for better. Be it creation of a tranquil world after the World War II, or meeting up for better exchange laws and settlements.

The International Trade Organization (ITO), the World Trade Organization and the World Economic Forum have probably the best minds that characterize worldwide financial aspects.

They can meet up and be an aspect of a body that would characterize the monetary success of the world. They would help draft worldwide digital money standards and might be an aspect of the administrative body that would be the guide and beacon for a large number of ICOs over the world for better. At first this might be time taking, yet would make things simple for the occasions to Prime Advantage

The start of 2018 was anything but a dazzling one for altcoins and relatable resources. Their exhibition was disabled by the regular feelings from brokers that the crypto bubble was going to blast. By the by, impassioned digital money supporters are as yet "HODLing" on and in all honesty, they are procuring enormous.

As of late, Bitcoin followed to nearly $5000; Bitcoin Cash approached $500 while Ethereum discovered harmony at $300. Practically every coin got hit-separated from newcomers that were still in fervor stage. As of this composition, Bitcoin is in the groove again and its selling at $8900. Numerous different cryptos have multiplied since the upward pattern began and the market cap is resting at $400 billion from the ongoing peak of $250 billion.

On the off chance that you are gradually getting used to Prime Advantage forms of money and wish to turn into an effective broker, the tips beneath will get you out.

You've just heard that digital money costs are soaring. You've likewise presumably gotten the news that this upward pattern may not keep going long. A few doubters, generally regarded investors and business analysts for the most part proceed to term them as easy money scams with no steady establishment. Prime Advantage

Such news can cause you to put resources into a rush and neglect to apply balance. A little investigation of the market patterns and cause-commendable monetary standards to put resources into can promise you great returns. Whatever you do, don't put all your well deserved cash into these advantages.

As of late, I saw a companion of mine post a Facebook channel around one of his companions who proceeded to exchange on a trade he had zero thoughts on how it runs. This is a hazardous move. Continuously survey the site you expect to use before joining, or possibly before you begin exchanging. In the event that they give a spurious record to mess with, at that point accept that open door to figure out how the dashboard looks.

https://preview.redd.it/pvu25306kdv51.png?width=551&format=png&auto=webp&s=d26c0a8cdcf33cf56beabbcd152dddc2aafe685f


[Daily Discussion] Monday, October 26, 2020

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Altcoin Discussion] Monday, October 26, 2020

Thread topics include, but are not limited to:

  • Discussion related to recent events
  • Technical analysis, trading ideas & strategies
  • General questions about altcoins

Thread guidelines:

  • Be excellent to each other.
  • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
  • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
  • No discussion about specific ICOs. Established coins only.

If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

Other ways to interact:


/r/Lebanon Help and Political Discussion Thread - Oct 26 2020



Hash Watch: 73% of Bitcoin Cash Blocks Mined With BCHN, Poloniex Launches Fork Futures (current BTC/USD price is $13,087.60)

Latest Bitcoin News:

Hash Watch: 73% of Bitcoin Cash Blocks Mined With BCHN, Poloniex Launches Fork Futures

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.


Best sites to get BTC/USD

Well, I've created this guide so I can share tips on how to earn money from my own experience.

  1. ySense non-ref

    • Description: Site where you can do some random tasks, such as completing surveys or installing apps.
    • Payment method: Paypal, Payoneer, etc.
    • Referral: If you want to create an account use this link with referral please.
  2. HoneyGain non-ref:

    • Description: Platform that uses your devices as a proxy and pays you.
    • Payment method: Paypal.
    • Pros: You don't have to do anything, it's a passive income and you only have to worry about having the app running if you have the PC turned on.
    • Cons: After trying it for 5 days I'd say you make about $4 USD a month.
    • Tips: The best thing is to have a computer per network, also you should try to maximize the amount of time running the app, this can be done using this trick so that when you start Windows, HoneyGain automatically runs.
    • Referral: If you use this referral link you can earn $5 USD.
  3. PacketStream non-ref:

    • Description: Basically it's the same as HoneyGain.
    • Payment method: Paypal.
    • Pros: You don't have to do anything, it's a passive income and you only have to worry about having the app running if you have the PC turned on.
    • Tips: Same as HoneyGain.
    • Referral: If you want to create an account use this link with referral please.
  4. Testable minds non-ref:

    • Description: Platform where you get paid to answer surveys.
    • Payment method: Paypal (proof).
    • Pros: You get paid a decent amount for each survey.
    • Cons: There are very, very few surveys.
    • Tips: I could only enable notification using Google Chrome browser, but even then I encounter very, very few surveys.
    • Referral: If you want to create an account use this link with referral please.
  5. adBTC non-ref:

    • Description: Site where you can earn BTC by visiting websites.
    • Payment method: Bitcoins.
    • Reference: If you want to create an account use this link please.
  6. 2captcha non-ref:

    • Description: Site where you can solve captchas for money.
    • Payment method: Payeer, Bitcoins, etc.
    • Pros: The requirement to get money (Payout) very low, for some payment methods $0.5 USD, for other $1 USD.
    • Cons: The payment per captcha is very very low.
    • Referral: If you want to create an account use this link with referral please.
  7. Quicrypto non-ref

    • Description: Android app where you can perform random tasks (watch videos, install apps, etc.)
    • Payment method: Bitcoins.
    • Pros: There is always a lot of supply of tasks to perform.
    • Referral: If you want to create an account use this referral link please.


Bitcoin breaking through $12K is huge but dont expect higher prices before 2021 (current BTC/USD price is $13,017.34)

Latest Bitcoin News:

Bitcoin breaking through $12K is huge but dont expect higher prices before 2021

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.


I figured out the ultimate use case of Bitcoin... the alternative for the mark of the beast

Ok so hear me out, it is tinfoil hat time. The Bible reads in Revelation 13: 16-17" ...also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name"

Now take that paragraph and think about the new Bretton Woods event and great rest which will probably change the financial system by the creation of some form of CBDC in combination with universal basic income and the ability to use chips in our hands for payments. You will be offered free money, and the only thing you need to do is take the chip (mark of the beast) in your right hand. Now when it becomes clear many people are not willing to take the chip, it is made mandatory to buy in certain places. But we knew better and got into Bitcoin thus avoiding having becoming dependent and having to take the chip survive.

What are your thoughts on this. For me it is as clear as daylight which that we are moving exactly into the direction prophesised in the Bible.


A Beginner's Guide to Twetch, Bitcoin's Twitter clone

https://remjx.com/a-beginners-guide-to-twetch-bitcoins-twitter-clone

A Beginner's Guide to Twetch, Bitcoin's Twitter clone

https://remjx.com/a-beginners-guide-to-twetch-bitcoins-twitter-clone

A Beginner's Guide to Twetch, Bitcoin's Twitter clone

https://remjx.com/a-beginners-guide-to-twetch-bitcoins-twitter-clone

Bitcoins market still has plenty to fear from OKEx halt (current BTC/USD price is $12,986.69)

Latest Bitcoin News:

Bitcoins market still has plenty to fear from OKEx halt

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.


Weekly /r/DesMoines Events Thread for the week of October 25, 2020

This thread is for any events going on in Des Moines this week! What events will you be attending? What events do you want to attend? What events do you want to promote? Whats new around Des Moines this week? Add a comment below.

Please provide the following when posting new events: - Time, Date, Location, Cost and some sort of description of the event.

New threads start every Sunday, and will be stickied at the top of the subreddit.

Here are some places to find things to do: Cityview's Calendar - Juice's Calendar - Des Moines Register Event Page - Catch Des Moines Calendar

If you have any recurring events, specials, or other suggestions for this weekly thread, please send us a modmail

Bar Map

THANKS FOR HELPING US CROWDSOURCE THIS

Discord for Iowa/Des Moines https://discord.gg/2MKbCv5 

Trivia Nights:

  • First Monday of the month is Mona's Pub Quiz at The Lift

  • Benchwarmers in Ankeny on Mondays

  • BeerStyles in WDM, Tuesdays 7-9 PM

  • Ridgemont in Windsor Heights Wednesdays 8-11

  • Wednesdays at Fireside Grille in Altoona -starts at 8

  • Trivia Thursdays at The Ingersoll Tap.

  • Tuesdays at Quinton's

  • Gas Lamp has triva on Tuesday

  • Tuesdays at Basement Bar at Des Moines Social Club

  • There's trivia at The Beer House in Urbandale on Wednesdays, 7pm. Also at F&O's on Fridays, 9pm

  • Tuesdays at Wellman's Ingersoll

  • Wellmans Pub on Ingersoll has trivia Tuesday night at 8

  • Trivia at Thunder Head in Ankeny every Tuesday

  • Trivia at the Keg Stand, Thursday nights (I think it starts at 8:30?)

    Drink Specials:

  • 2 for Tuesdays @ the Flying Moose every Tuesday all night (Also, 2 fers every day until 8pm)

  • Beechwood has 2 for 1 on tuesdays.

  • Quintons: Thursday Half off all drinks

  • Quarter beers at both Flying Moose and Mickey's Clive on Weds

  • Wednesday is geeks who drink at the red monk

  • Lift has $3 draws on Thursday

  • First Wednesday of every month there is a bottle share at 515 Brewing @ 6

    • Tuesdays they have trivia at The Hall in Valley Junction too. Starts at 7.
    • Smashpark in WDM has trivia at 7 and 8 on monday nights

    Weekly Open Mic night:

  • Gas Lamp now does karaoke on Tuesdays (with a live band for you to sing with!).

  • Tuesday night comedy open mic at Lefty's Live Music at 8pm.

  • open mic every Tuesday at Luckys at 8.

  • Friday night at the Beechwood is free stand-up comedy.

  • Acoustic music open mic at AJ's on East Court, Sundays at 4pm

  • Free Killer Queen at Up-Down every Thursday!

  • There is trivia at The Ducktail Lounge on Sunday’s.

  • Open Mic Thursday at Java Joe's Downtown at 7:30

    Other Ongoing Events:

  • Blues Jam Band every Tuesday at Carl's Place, $3 tallboys

  • Des Moines Bitcoin and Blockchain MeetUp at Gravitate in West Des Moines - 2nd and 4th Thursdays of each month (eg Oct 25th) at 7:00pm

    If any of these are no longer current or you would like to add something, please ping /u/annarchist to update this thread otherwise I may miss it.


Can anyone direct me to the required reading for developing Coin Mining Software from Scratch? [thnx in advance]

I would like to go about the process of writing my own miner.
It does not need to be particularly efficient, I'm not expecting to profit personally, learning and supporting decentralization of a given blockchain are reward enough.

I understand that <x> hashing algorithm might work for <y> and <z> coins; but may not work for <k> coin which uses <j> algorithm instead.
My attempts at finding guides on how to develop a bitcoin, or any other altcoin, miner have resulted in primarily spam about which hardware to buy and to just go download existing coin mining software.
If I am going to be directed to an existing project anyway: I would prefer staring at the most bare bones, working, and open-source miner available.



Guide to exchange BTC to rBTC in a non custodial way (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/jhudjc/guide_to_exchange_btc_to_rbtc_in_a_non_custodial/

The US Election: Pullback Possible, But Neither Trump Nor Biden Wont Stop Bitcoin (current BTC/USD price is $12,972.40)

Latest Bitcoin News:

The US Election: Pullback Possible, But Neither Trump Nor Biden Wont Stop Bitcoin

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.


How much would that cost to launch a new mineable coin with Bitcoin Cash characteristics?

I would like to spread the word in Greece about Blockchain technology, about how mining works and all differences of Bitcoin with Bank money. I think many people are afraid of Bitcoin because of high price, and because they are misinformed, still are not ready to buy Bitcoin or crypto. It is though hard to mine large cap cryptocurrencies. That's why I would like to introduce something new and with no value, so people could use it themselves without having to spend much money. I would like to name it after an old Greek currency Drachma, e-Drachma, and because I believe Bitcoin Cash has got the best characteristics, I think it is better to use its code to launch something new from Genesis Block. I have very little programming skills, that's why I am asking about it.

The Bitcoin license info file:

Copyright (c) 2009 Satoshi Nakamoto

Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:

The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.


A Guide to Bitcoin Cash (BCH)

https://www.publish0x.com/bitcoin-news-blog-bitcoin-dice-casino-news/a-guide-to-bitcoin-cash-bch-xkklgml?a=pnelYnjJaK

Very first bitcoin fund in Canada reaches its $100 million key achievement (current BTC/USD price is $12,992.45)

Latest Bitcoin News:

Very first bitcoin fund in Canada reaches its $100 million key achievement

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.


For The Continuation Of BTC Price Rally Whale Clusters Of Bitcoin Settle On 3 Keys (current BTC/USD price is $13,034.68)

Latest Bitcoin News:

For The Continuation Of BTC Price Rally Whale Clusters Of Bitcoin Settle On 3 Keys

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.


How EpiK Protocol “Saved the Miners” from Filecoin with the E2P Storage Model?

https://preview.redd.it/n5jzxozn27v51.png?width=2222&format=png&auto=webp&s=6cd6bd726582bbe2c595e1e467aeb3fc8aabe36f

On October 20, Eric Yao, Head of EpiK China, and Leo, Co-Founder & CTO of EpiK, visited Deep Chain Online Salon, and discussed “How EpiK saved the miners eliminated by Filecoin by launching E2P storage model”. ‘?” The following is a transcript of the sharing.

Sharing Session

Eric: Hello, everyone, I’m Eric, graduated from School of Information Science, Tsinghua University. My Master’s research was on data storage and big data computing, and I published a number of industry top conference papers.

Since 2013, I have invested in Bitcoin, Ethereum, Ripple, Dogcoin, EOS and other well-known blockchain projects, and have been settling in the chain circle as an early technology-based investor and industry observer with 2 years of blockchain experience. I am also a blockchain community initiator and technology evangelist

Leo: Hi, I’m Leo, I’m the CTO of EpiK. Before I got involved in founding EpiK, I spent 3 to 4 years working on blockchain, public chain, wallets, browsers, decentralized exchanges, task distribution platforms, smart contracts, etc., and I’ve made some great products. EpiK is an answer to the question we’ve been asking for years about how blockchain should be landed, and we hope that EpiK is fortunate enough to be an answer for you as well.

Q & A

Deep Chain Finance:

First of all, let me ask Eric, on October 15, Filecoin’s main website launched, which aroused everyone’s attention, but at the same time, the calls for fork within Filecoin never stopped. The EpiK protocol is one of them. What I want to know is, what kind of project is EpiK Protocol? For what reason did you choose to fork in the first place? What are the differences between the forked project and Filecoin itself?

Eric:

First of all, let me answer the first question, what kind of project is EpiK Protocol.

With the Fourth Industrial Revolution already upon us, comprehensive intelligence is one of the core goals of this stage, and the key to comprehensive intelligence is how to make machines understand what humans know and learn new knowledge based on what they already know. And the knowledge graph scale is a key step towards full intelligence.

In order to solve the many challenges of building large-scale knowledge graphs, the EpiK Protocol was born. EpiK Protocol is a decentralized, hyper-scale knowledge graph that organizes and incentivizes knowledge through decentralized storage technology, decentralized autonomous organizations, and generalized economic models. Members of the global community will expand the horizons of artificial intelligence into a smarter future by organizing all areas of human knowledge into a knowledge map that will be shared and continuously updated for the eternal knowledge vault of humanity

And then, for what reason was the fork chosen in the first place?

EpiK’s project founders are all senior blockchain industry practitioners and have been closely following the industry development and application scenarios, among which decentralized storage is a very fresh application scenario.

However, in the development process of Filecoin, the team found that due to some design mechanisms and historical reasons, the team found that Filecoin had some deviations from the original intention of the project at that time, such as the overly harsh penalty mechanism triggered by the threat to weaken security, and the emergence of the computing power competition leading to the emergence of computing power monopoly by large miners, thus monopolizing the packaging rights, which can be brushed with computing power by uploading useless data themselves.

The emergence of these problems will cause the data environment on Filecoin to get worse and worse, which will lead to the lack of real value of the data in the chain, high data redundancy, and the difficulty of commercializing the project to land.

After paying attention to the above problems, the project owner proposes to introduce multi-party roles and a decentralized collaboration platform DAO to ensure the high value of the data on the chain through a reasonable economic model and incentive mechanism, and store the high-value data: knowledge graph on the blockchain through decentralized storage, so that the lack of value of the data on the chain and the monopoly of large miners’ computing power can be solved to a large extent.

Finally, what differences exist between the forked project and Filecoin itself?

On the basis of the above-mentioned issues, EpiK’s design is very different from Filecoin, first of all, EpiK is more focused in terms of business model, and it faces a different market and track from the cloud storage market where Filecoin is located because decentralized storage has no advantage over professional centralized cloud storage in terms of storage cost and user experience.

EpiK focuses on building a decentralized knowledge graph, which reduces data redundancy and safeguards the value of data in the distributed storage chain while preventing the knowledge graph from being tampered with by a few people, thus making the commercialization of the entire project reasonable and feasible.

From the perspective of ecological construction, EpiK treats miners more friendly and solves the pain point of Filecoin to a large extent, firstly, it changes the storage collateral and commitment collateral of Filecoin to one-time collateral.

Miners participating in EpiK Protocol are only required to pledge 1000 EPK per miner, and only once before mining, not in each sector.

What is the concept of 1000 EPKs, you only need to participate in pre-mining for about 50 days to get this portion of the tokens used for pledging. The EPK pre-mining campaign is currently underway, and it runs from early September to December, with a daily release of 50,000 ERC-20 standard EPKs, and the pre-mining nodes whose applications are approved will divide these tokens according to the mining ratio of the day, and these tokens can be exchanged 1:1 directly after they are launched on the main network. This move will continue to expand the number of miners eligible to participate in EPK mining.

Secondly, EpiK has a more lenient penalty mechanism, which is different from Filecoin’s official consensus, storage and contract penalties, because the protocol can only be uploaded by field experts, which is the “Expert to Person” mode. Every miner needs to be backed up, which means that if one or more miners are offline in the network, it will not have much impact on the network, and the miner who fails to upload the proof of time and space in time due to being offline will only be forfeited by the authorities for the effective computing power of this sector, not forfeiting the pledged coins.

If the miner can re-submit the proof of time and space within 28 days, he will regain the power.

Unlike Filecoin’s 32GB sectors, EpiK’s encapsulated sectors are smaller, only 8M each, which will solve Filecoin’s sector space wastage problem to a great extent, and all miners have the opportunity to complete the fast encapsulation, which is very friendly to miners with small computing power.

The data and quality constraints will also ensure that the effective computing power gap between large and small miners will not be closed.

Finally, unlike Filecoin’s P2P data uploading model, EpiK changes the data uploading and maintenance to E2P uploading, that is, field experts upload and ensure the quality and value of the data on the chain, and at the same time introduce the game relationship between data storage roles and data generation roles through a rational economic model to ensure the stability of the whole system and the continuous high-quality output of the data on the chain.

Deep Chain Finance:

Eric, on the eve of Filecoin’s mainline launch, issues such as Filecoin’s pre-collateral have aroused a lot of controversy among the miners. In your opinion, what kind of impact will Filecoin bring to itself and the whole distributed storage ecosystem after it launches? Do you think that the current confusing FIL prices are reasonable and what should be the normal price of FIL?

Eric:

Filecoin mainnet has launched and many potential problems have been exposed, such as the aforementioned high pre-security problem, the storage resource waste and computing power monopoly caused by unreasonable sector encapsulation, and the harsh penalty mechanism, etc. These problems are quite serious, and will greatly affect the development of Filecoin ecology.

These problems are relatively serious, and will greatly affect the development of Filecoin ecology, here are two examples to illustrate. For example, the problem of big miners computing power monopoly, now after the big miners have monopolized computing power, there will be a very delicate state — — the miners save a file data with ordinary users. There is no way to verify this matter in the chain, whether what he saved is uploaded by himself or someone else. And after the big miners have monopolized computing power, there will be a very delicate state — — the miners will save a file data with ordinary users, there is no way to verify this matter in the chain, whether what he saved is uploaded by himself or someone else. Because I can fake another identity to upload data for myself, but that leads to the fact that for any miner I go to choose which data to save. I have only one goal, and that is to brush my computing power and how fast I can brush my computing power.

There is no difference between saving other people’s data and saving my own data in the matter of computing power. When I save someone else’s data, I don’t know that data. Somewhere in the world, the bandwidth quality between me and him may not be good enough.

The best option is to store my own local data, which makes sense, and that results in no one being able to store data on the chain at all. They only store their own data, because it’s the most economical for them, and the network has essentially no storage utility, no one is providing storage for the masses of retail users.

The harsh penalty mechanism will also severely deplete the miner’s profits, because DDOS attacks are actually a very common attack technique for the attacker, and for a big miner, he can get a very high profit in a short period of time if he attacks other customers, and this thing is a profitable thing for all big miners.

Now as far as the status quo is concerned, the vast majority of miners are actually not very well maintained, so they are not very well protected against these low-DDOS attacks. So the penalty regime is grim for them.

The contradiction between the unreasonable system and the demand will inevitably lead to the evolution of the system in a more reasonable direction, so there will be many forked projects that are more reasonable in terms of mechanism, thus attracting Filecoin miners and a diversion of storage power.

Since each project is in the field of decentralized storage track, the demand for miners is similar or even compatible with each other, so miners will tend to fork the projects with better economic benefits and business scenarios, so as to filter out the projects with real value on the ground.

For the chaotic FIL price, because FIL is also a project that has gone through several years, carrying too many expectations, so it can only be said that the current situation has its own reasons for existence. As for the reasonable price of FIL there is no way to make a prediction because in the long run, it is necessary to consider the commercialization of the project to land and the value of the actual chain of data. In other words, we need to keep observing whether Filecoin will become a game of computing power or a real value carrier.

Deep Chain Finance:

Leo, we just mentioned that the pre-collateral issue of Filecoin caused the dissatisfaction of miners, and after Filecoin launches on the main website, the second round of space race test coins were directly turned into real coins, and the official selling of FIL hit the market phenomenon, so many miners said they were betrayed. What I want to know is, EpiK’s main motto is “save the miners eliminated by Filecoin”, how to deal with the various problems of Filecoin, and how will EpiK achieve “save”?

Leo:

Originally Filecoin’s tacit approval of the computing power makeup behavior was to declare that the official directly chose to abandon the small miners. And this test coin turned real coin also hurt the interests of the loyal big miners in one cut, we do not know why these low-level problems, we can only regret.

EpiK didn’t do it to fork Filecoin, but because EpiK to build a shared knowledge graph ecology, had to integrate decentralized storage in, so the most hardcore Filecoin’s PoRep and PoSt decentralized verification technology was chosen. In order to ensure the quality of knowledge graph data, EpiK only allows community-voted field experts to upload data, so EpiK naturally prevents miners from making up computing power, and there is no reason for the data that has no value to take up such an expensive decentralized storage resource.

With the inability to make up computing power, the difference between big miners and small miners is minimal when the amount of knowledge graph data is small.

We can’t say that we can save the big miners, but we are definitely the optimal choice for the small miners who are currently in the market to be eliminated by Filecoin.

Deep Chain Finance:

Let me ask Eric: According to EpiK protocol, EpiK adopts the E2P model, which allows only experts in the field who are voted to upload their data. This is very different from Filecoin’s P2P model, which allows individuals to upload data as they wish. In your opinion, what are the advantages of the E2P model? If only voted experts can upload data, does that mean that the EpiK protocol is not available to everyone?

Eric:

First, let me explain the advantages of the E2P model over the P2P model.

There are five roles in the DAO ecosystem: miner, coin holder, field expert, bounty hunter and gateway. These five roles allocate the EPKs generated every day when the main network is launched.

The miner owns 75% of the EPKs, the field expert owns 9% of the EPKs, and the voting user shares 1% of the EPKs.

The other 15% of the EPK will fluctuate based on the daily traffic to the network, and the 15% is partly a game between the miner and the field expert.

The first describes the relationship between the two roles.

The first group of field experts are selected by the Foundation, who cover different areas of knowledge (a wide range of knowledge here, including not only serious subjects, but also home, food, travel, etc.) This group of field experts can recommend the next group of field experts, and the recommended experts only need to get 100,000 EPK votes to become field experts.

The field expert’s role is to submit high-quality data to the miner, who is responsible for encapsulating this data into blocks.

Network activity is judged by the amount of EPKs pledged by the entire network for daily traffic (1 EPK = 10 MB/day), with a higher percentage indicating higher data demand, which requires the miner to increase bandwidth quality.

If the data demand decreases, this requires field experts to provide higher quality data. This is similar to a library with more visitors needing more seats, i.e., paying the miner to upgrade the bandwidth.

When there are fewer visitors, more money is needed to buy better quality books to attract visitors, i.e., money for bounty hunters and field experts to generate more quality knowledge graph data. The game between miners and field experts is the most important game in the ecosystem, unlike the game between the authorities and big miners in the Filecoin ecosystem.

The game relationship between data producers and data storers and a more rational economic model will inevitably lead to an E2P model that generates stored on-chain data of much higher quality than the P2P model, and the quality of bandwidth for data access will be better than the P2P model, resulting in greater business value and better landing scenarios.

I will then answer the question of whether this means that the EpiK protocol will not be universally accessible to all.

The E2P model only qualifies the quality of the data generated and stored, not the roles in the ecosystem; on the contrary, with the introduction of the DAO model, the variety of roles introduced in the EpiK ecosystem (which includes the roles of ordinary people) is not limited. (Bounty hunters who can be competent in their tasks) gives roles and possibilities for how everyone can participate in the system in a more logical way.

For example, a miner with computing power can provide storage, a person with a certain domain knowledge can apply to become an expert (this includes history, technology, travel, comics, food, etc.), and a person willing to mark and correct data can become a bounty hunter.

The presence of various efficient support tools from the project owner will lower the barriers to entry for various roles, thus allowing different people to do their part in the system and together contribute to the ongoing generation of a high-quality decentralized knowledge graph.

Deep Chain Finance:

Leo, some time ago, EpiK released a white paper and an economy whitepaper, explaining the EpiK concept from the perspective of technology and economy model respectively. What I would like to ask is, what are the shortcomings of the current distributed storage projects, and how will EpiK protocol be improved?

Leo:

Distributed storage can easily be misunderstood as those of Ali’s OceanDB, but in the field of blockchain, we should focus on decentralized storage first.

There is a big problem with the decentralized storage on the market now, which is “why not eat meat porridge”.

How to understand it? Decentralized storage is cheaper than centralized storage because of its technical principle, and if it is, the centralized storage is too rubbish for comparison.

What incentive does the average user have to spend more money on decentralized storage to store data?

Is it safer?

Existence miners can shut down at any time on decentralized storage by no means save a share of security in Ariadne and Amazon each.

More private?

There’s no difference between encrypted presence on decentralized storage and encrypted presence on Amazon.

Faster?

The 10,000 gigabytes of bandwidth in decentralized storage simply doesn’t compare to the fiber in a centralized server room. This is the root problem of the business model, no one is using it, no one is buying it, so what’s the big vision.

The goal of EpiK is to guide all community participants in the co-construction and sharing of field knowledge graph data, which is the best way for robots to understand human knowledge, and the more knowledge graph data there is, the more knowledge a robot has, the more intelligent it is exponentially, i.e., EpiK uses decentralized storage technology. The value of exponentially growing data is captured with linearly growing hardware costs, and that’s where the buy-in for EPK comes in.

Organized data is worth a lot more than organized hard drives, and there is a demand for EPK when robots have the need for intelligence.

Deep Chain Finance:

Let me ask Leo, how many forked projects does Filecoin have so far, roughly? Do you think there will be more or less waves of fork after the mainnet launches? Have the requirements of the miners at large changed when it comes to participation?

Leo:

We don’t have specific statistics, now that the main network launches, we feel that forking projects will increase, there are so many restricted miners in the market that they need to be organized efficiently.

However, we currently see that most forked projects are simply modifying the parameters of Filecoin’s economy model, which is undesirable, and this level of modification can’t change the status quo of miners making up computing power, and the change to the market is just to make some of the big miners feel more comfortable digging up, which won’t help to promote the decentralized storage ecology to land.

We need more reasonable landing scenarios so that idle mining resources can be turned into effective productivity, pitching a 100x coin instead of committing to one Fomo sentiment after another.

Deep Chain Finance:

How far along is the EpiK Protocol project, Eric? What other big moves are coming in the near future?

Eric:

The development of the EpiK Protocol is divided into 5 major phases.

(a) Phase I testing of the network “Obelisk”.

Phase II Main Network 1.0 “Rosetta”.

Phase III Main Network 2.0 “Hammurabi”.

(a) The Phase IV Enrichment Knowledge Mapping Toolkit.

The fifth stage is to enrich the knowledge graph application ecology.

Currently in the first phase of testing network “Obelisk”, anyone can sign up to participate in the test network pre-mining test to obtain ERC20 EPK tokens, after the mainnet exchange on a one-to-one basis.

We have recently launched ERC20 EPK on Uniswap, you can buy and sell it freely on Uniswap or download our EpiK mobile wallet.

In addition, we will soon launch the EpiK Bounty platform, and welcome all community members to do tasks together to build the EpiK community. At the same time, we are also pushing forward the centralized exchange for token listing.

Users’ Questions

User 1:

Some KOLs said, Filecoin consumed its value in the next few years, so it will plunge, what do you think?

Eric:

First of all, the judgment of the market is to correspond to the cycle, not optimistic about the FIL first judgment to do is not optimistic about the economic model of the project, or not optimistic about the distributed storage track.

First of all, we are very confident in the distributed storage track and will certainly face a process of growth and decline, so as to make a choice for a better project.

Since the existing group of miners and the computing power already produced is fixed, and since EpiK miners and FIL miners are compatible, anytime miners will also make a choice for more promising and economically viable projects.

Filecoin consumes the value of the next few years this time, so it will plunge.

Regarding the market issues, the plunge is not a prediction, in the industry or to keep learning iteration and value judgment. Because up and down market sentiment is one aspect, there will be more very important factors. For example, the big washout in March this year, so it can only be said that it will slow down the development of the FIL community. But prices are indeed unpredictable.

User2:

Actually, in the end, if there are no applications and no one really uploads data, the market value will drop, so what are the landing applications of EpiK?

Leo: The best and most direct application of EpiK’s knowledge graph is the question and answer system, which can be an intelligent legal advisor, an intelligent medical advisor, an intelligent chef, an intelligent tour guide, an intelligent game strategy, and so on.



Kanye West Joe Rogan Podcast is not being covered

Not to get political or anything but Kanye West was just on the JRE podcast and in any day of the week in a normal setting this would’ve broke the internet all the newspapers and mainstream media would’ve covered it if he was ranting and out of his mind but because of the way he carried himself and because he actually made sense they are not writing about it and probably are not allowed to. You should watch it yourself. But we got to a understand a bit more of the genius and how is coming from a very different mindset into this “campaign” than the standard politic. He talked about all the things people in power don’t wants us to know and feel and he dove into a lot of “conspiracies” that at this point we all know are true. Michael Jackson, Prince death. Medical system, Fluoride, Bitcoin and how fiat money is a scam, Nikolae Tesla and a lot of other things... After watching the podcast I think Kanye as a president would actually change the world for better. He talked about coming from love and peace and collaborating, he his a creative so his solutions to most problems are also very creative and his values are on point right now as he is using God’s will and bible values in his decisions. He talks about sustainability in food and farming. But I just wanted to point out the little to no coverage this huge event is getting. I’m not even American. But discuss all you want!


A Guide to Bitcoin Cash (BCH)

https://www.publish0x.com/bitcoin-news-blog-bitcoin-dice-casino-news/a-guide-to-bitcoin-cash-bch-xkklgml?a=pnelYnjJaK

Bitcoin Futures May Be Overbought (current BTC/USD price is $13,299.57)

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401k move to Bitcoin

Just curious to know if anyone here has considered moving their entire 401k into Bitcoin (and if there is a way without paying penalties). Certainly not smart in terms of diversification, but based on recent events (PP, licensing moves , institutionals joining, Fiat mony printing...) I strongly believe my money is safer in crypto.